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MIRA INFORM REPORT
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Report No. : |
485133 |
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Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
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Name : |
LIMSON CANADA, LTD. |
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Registered Office : |
44 Chipman Hill, Suite 1000 Saint John, New Brunswick E2L4S6 |
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Country : |
Canada |
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Date of Incorporation : |
28.10.2004 |
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Legal Form : |
Société Par Actions Ou Compagnie |
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Line of Business : |
Subject is dedicated to the wholesale of food. |
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No. of Employees : |
10 employees (GFS whole Group in Canada has an estimated number of
3,500 employees) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
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Canada |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
CANADA - ECONOMIC OVERVIEW
Canada resembles the US in its market-oriented economic system, pattern
of production, and high living standards. Since World War II, the impressive
growth of the manufacturing, mining, and service sectors has transformed the
nation from a largely rural economy into one primarily industrial and urban.
Canada has a large oil and natural gas sector with the majority of crude oil
production derived from oil sands in the western provinces, especially Alberta.
Canada now ranks third in the world in proved oil reserves behind Venezuela and
Saudi Arabia and is the world’s sixth-largest oil producer.
The 1989 Canada-US Free Trade Agreement and the 1994 North American Free
Trade Agreement (which includes Mexico) dramatically increased trade and
economic integration between the US and Canada. Canada and the US enjoy the
world’s most comprehensive and highly balanced bilateral trade and investment
relationship, with merchandise trade of $544 billion in 2016, services trade of
over $80 billion, and two-way investment stocks of nearly $700 billion. Over
three-fourths of Canada’s exports are destined for the US each year. Canada is
the largest foreign supplier of energy to the US, including oil, natural gas,
and electric power, and a top source of US uranium imports.
Given its abundant natural resources, highly skilled labor force, and
modern capital stock, Canada enjoyed solid economic growth from 1993 through
2007. The global economic crisis of 2007-08 moved the Canadian economy into
sharp recession by late 2008, and Ottawa posted its first fiscal deficit in
2009 after 12 years of surplus. Canada's major banks emerged from the financial
crisis of 2008-09 among the strongest in the world, owing to the financial
sector's tradition of conservative lending practices and strong capitalization.
Since the fall in world oil prices in 2014, Canada has achieved modest economic
growth.
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Source
: CIA |
STATUTORY
INFORMATION
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Legal Name: |
LIMSON CANADA, LTD. |
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Trade Names: |
PRODUITS LIMSON CANADA / GORDON FOOD SERVICE
CANADA |
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ID: |
NB615343 (New Brunswick ID) A0063980 (British Columbia ID) |
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Date Created: |
2004 |
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Date Incorporated: |
2004-10-28 |
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Legal Address: |
44 Chipman Hill, Suite 1000 Saint John, New Brunswick E2L4S6 Canada |
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Operative Address: |
12411 Horseshoe Way Richmond, BC, V7A 4X6 Canada |
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Telephone: |
(604) 529-5275 |
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Fax: |
905-216-4678 |
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Legal Form: |
Société Par Actions Ou Compagnie |
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Email: |
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Registered in: |
New Brunswick |
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Website: |
www.limsontrading.com www.freshstartfoods.com |
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Contact: |
Noble Dean, President |
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Staff: |
10 |
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Activity: |
NAICS 1: Commodity Contracts Dealing SIC 1: Commodity Contract Trading Companies |
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Banks: |
The company does not disclose its banking details. |
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History: |
Limson Canada Ltd was founded in 2004. |
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The company operates as part of Gordon Food Service group. |
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PRINCIPAL
ACTIVITY
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Limson Canada Ltd. is dedicated to the wholesale of food. |
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Products/Services description: |
Broccoli Cabbace/Coleslaw Carrots Cauliflower Celery Miscellaneous Mixes Onions Peppers / Green/Red Potato Rutabagas/Turnips Salads & Lettuce Squash Pre-Cut Specificaitons |
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Brands: |
LIMSON |
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Sales are: |
Wholesale |
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Clients: |
Limson Trading, Inc |
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Suppliers: |
Unicord Public Company Limited Pt Great Giant Pineapple Industrias Alimentarias de Navarra, S.A.U Dalian Haiqing Food Co.,lt Ningbo Home Link Plastic Product Shandong Fengyu Edible Fungus |
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Operations area: |
National and International |
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The company imports from |
THAILAND INDONESIA SPAIN SOUTH KOREA CHINA |
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The company exports to |
UNITED STATES |
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The subject employs |
10 employees (GFS whole Group in Canada has an estimated number of
3,500 employees) |
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Payments: |
No Complaints |
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LOCATION
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Headquarters : |
12411 Horseshoe Way Richmond, BC, V7A 4X6 Canada |
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Comments on Address: |
- |
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Branches: |
No other branches were found. |
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Related Companies: |
Limson Trading, Inc. Grand Rapids, Michigan 49509 United States Limson Trading, Inc. 200 Connecticut Ave Norwalk, CT 06854, USA Gfs British Columbia Inc 12411 Horseshoe Way Richmond, BC V7A 4X6, Canada GFS Canada Company Inc. 1700 Cliveden Avenue Delta, BC V3M 6T2 Canada |
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GROUP
STRUCTURE AND SUBSIDIARY COMPANIES
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Listed at the stock exchange: |
NO |
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Capital: |
NA |
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Shareholders: |
Major holder: Gordon Food Service Canada Ltd. 199 Bay St., Suite 5300, Commerce Court West Toronto, Ontario M5L1B9
Canada Estimated number of employees: 3,500 |
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Management: |
Eriks Mark C, Administrator Geier Frank, Administrator Wolowski Richard J., Administrator Noble Dean, President Cieslak Alisha L., Secretary Maddox Jeffrey B., Treasury David L Gray Attorney: 152928 Canada Inc.4100-1155 boul. René-Lévesque Ouest Montréal Québec
H3B3V2 Canada |
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FINANCIAL
INFORMATION
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The company does not make its financial
statements public. The following information has been provided by private
sources: |
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USD 2016 |
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Revenue |
1 800 000 |
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Cash flow |
Normal |
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LEGAL
FILINGS
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PATENTS |
No found. |
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GOVERNMENT CONTRACTS |
No records found. |
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CASES |
No records found. |
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TRADEMARKS |
IPM Canadian Trademark
Information Word Mark: Logo Mark Current Status: Registration
published LIVE Mark! 8/12/2005 Application Number: 1144817 Filing Date: Tuesday, June
25, 2002 Filing Place: Canada Registration Date: Friday,
August 12, 2005 Registration Number: TMA645616 Register Type: Primary Type Of Mark: Trademark Mark Feature: Figurative Use In Commerce: Yes Publication Registration: Wednesday, September 24, 2003 Opposition: 9/24/2003 - 9/24/2003 Last Applicant/Owner: LIMSON
CANADA, LTD. 12411 Horseshoe Way Richmond BRITISH COLUMBIA CANADA V7A4X6 Correspondent: CHANTAL ST. DENIS O'BRIEN TM SERVICES INC 72 Rue du Marigot Gatineau QUEBEC CANADA J9J0C6 IPM PREMIUM FOOD
SOURCE - SOURCE D'ALIMENTS DE PREMIÈRE QUALITÉ Canadian Trademark Information Word Mark: IPM PREMIUM FOOD
SOURCE - SOURCE D'ALIMENTS DE PREMIÈRE QUALITÉ Current Status: Registration
published LIVE Mark! 2/14/2012 Application Number: 1515974 Filing Date: Friday,
February 18, 2011 Filing Place: Canada Registration Date: Tuesday,
February 14, 2012 Registration Number: TMA817622 Register Type: Primary Type Of Mark: Trademark Mark Feature: Word Use In Commerce: Yes Publication Registration: Wednesday,
October 5, 2011 Opposition: 10/5/2011 -
10/5/2011 Last Applicant/Owner: LIMSON
CANADA, LTD. 12411 Horseshoe Way Richmond BRITISH COLUMBIA CANADA V7A4X6 Correspondent: CHANTAL ST. DENIS O'BRIEN TM SERVICES INC 72 Rue du Marigot Gatineau QUEBEC CANADA J9J0C6 |
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RENEWAL HISTORY |
Origin Destination Date Import
Code Imported Goods classification description 2015-00-00 030331 Halibut (Except Livers Or Roes) - Frozen
(Excl Fish Fillets) 2015-00-00 030471 Frozen Fillets Of Fish Of The Families: Cod 2015-00-00 030475 Frozen Fillets Of Fish Of The Families:
Alaska Pollack 2015-00-00 030499 Fish Meat, Nes, Minced Or Not, Frozen 2015-00-00 150910 Olive Oil - Virgin, 2015-00-00 151000 Olive Oil And Its Fractions (Including
Blends) Nes - Whether Or Not Refined, Not Chemically Modified 2015-00-00 160232 Meat And Meat Offal Of Poultry (Gallus
Domesticus Species Only) - Prepared Or Preserved 2015-00-00 200599 Veg,Nes,Mix Of Veg,Prep Or Presvd,O/T By
Vinegar,Acetic Acid Or Sugar,Not Frozen 2015-00-00 2014-00-00 030331 Halibut (Except Livers Or Roes) - Frozen
(Excl Fish Fillets) 2014-00-00 030471 Frozen Fillets Of Fish Of The Families: Cod 2014-00-00 030499 Fish Meat, Nes, Minced Or Not, Frozen 2014-00-00 160232 Meat And Meat Offal Of Poultry (Gallus
Domesticus Species Only) - Prepared Or Preserved 2014-00-00 200599 Veg,Nes,Mix Of Veg,Prep Or Presvd,O/T By Vinegar,Acetic
Acid Or Sugar,Not Frozen 2014-00-00 200820 Pineapples Nes - Prepared, Whether Or Not
Sugared, Sweetened Or Spirited 2014-00-00 200850 Apricots Nes - Prepared, Whether Or Not
Sugared, Sweetened Or Spirited 2014-00-00 391732 Tubes, Pipes And Hoses Nes - Plastic Not
Reinforced/Combined With Other Materials - Without Fittings 2014-00-00 2014-00-00 2013-00-00 020130 Bovine, Cuts Boneless - Fresh Or Chilled 2013-00-00 020714 Cuts And Edible Offals (Incl Livers) Of
Fowls Of 'Gallus Domesticus' - Domestic - Frozen 2013-00-00 021012 Bellies, Streaky And Cuts Thereof, Of Swine
- Cured 2013-00-00 030331 Halibut (Except Livers Or Roes) - Frozen
(Excl Fish Fillets) 2013-00-00 030472 Frozen Fillets Of Fish Of The Families:
Haddock 2013-00-00 100630 Rice - Semi-Milled Or Wholly Milled 2013-00-00 150910 Olive Oil - Virgin, 2013-00-00 150990 Olive Oil And Its Fractions - Refined But
Not Chemically Modified 2013-00-00 151000 Olive Oil And Its Fractions (Including
Blends) Nes - Whether Or Not Refined, Not Chemically Modified 2013-00-00 160232 Meat And Meat Offal Of Poultry (Gallus
Domesticus Species Only) - Prepared Or Preserved 2013-00-00 160510 Crabs - Prepared Or Preserved 2013-00-00 200599 Veg,Nes,Mix Of Veg,Prep Or Presvd,O/T By
Vinegar,Acetic Acid Or Sugar,Not Frozen 2013-00-00 391732 Tubes, Pipes And Hoses Nes - Plastic Not
Reinforced/Combined With Other Materials - Without Fittings 2012-00-00 20714 2012-00-00 30331 2012-00-00 30432 2012-00-00 30617 2012-00-00 150990 Olive Oil And Its Fractions - Refined But
Not Chemically Modified 2012-00-00 151000 Olive Oil And Its Fractions (Including
Blends) Nes - Whether Or Not Refined, Not Chemically Modified 2012-00-00 160232 Meat And Meat Offal Of Poultry (Gallus
Domesticus Species Only) - Prepared Or Preserved 2012-00-00 200599 Veg,Nes,Mix Of Veg,Prep Or Presvd,O/T By
Vinegar,Acetic Acid Or Sugar,Not Frozen 2012-00-00 391732 Tubes, Pipes And Hoses Nes - Plastic Not
Reinforced/Combined With Other Materials - Without Fittings 2012-00-00 |
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OFAC Sanctions List Search |
The company is not listed in the OFAC list. |
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SUMMARY
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Founded in 2004, Limson Canada, Ltd is a small organization in the
investors industry located in Richmond, Canada. It has approximately 10 full-time employees and generates an estimated
$1.8M USD in annual revenue. The company operates nationally and internationally, mainly importing
from Thailand, Indonesia, Spain, South Korea and China. It is ACTIVE in
business with no negative records. |
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RISK
INFORMATION
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DEBTS |
Controlled |
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PAYMENTS |
No Complaints |
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CASH FLOW |
Normal |
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STATUS |
Active |
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INTERVIEW |
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NAME |
Carol |
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POSITION |
Receptionist |
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COMMENTS |
She confirmed the name of the company, the address of the headquarters
and location and the date of creation of the company. She was reluctant to
provide further information. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.74 |
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1 |
INR 86.01 |
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Euro |
1 |
INR 76.14 |
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CAD |
1 |
INR 50.82 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.